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QF Group possible Redundancy Numbers/Packages

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QF Group possible Redundancy Numbers/Packages

Old 27th Jun 2020, 04:24
  #521 (permalink)  
 
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Monday night Four corners I believe is on the demise of Virgin and I’m told Borghetti doesn’t come out of it very well
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Old 27th Jun 2020, 05:25
  #522 (permalink)  
 
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Totally with you Lapon. He Ďdiedí doing what he set out to do. Better to have tried etc etc...
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Old 27th Jun 2020, 06:03
  #523 (permalink)  
 
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So the latest on JQ ďsurplusĒ Perth and Newcastle crews seem to be (in a nut shell), give us 2 years of a concessional EBA and we might not make those crews redundant. Canít say Iím surprised but seriously can this guy give an already very stressed workforce a break.
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Old 27th Jun 2020, 06:55
  #524 (permalink)  
 
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Originally Posted by CaptCloudbuster View Post
With QF now a very different airline going forward do we need 3 CEOís?

Surely we should make at least 1 redundant. Andrew David has been MIA (couldnít phone in to at least 1 webinar over the last 8 weeks wtf?)
And then we have Tino, CEO of a non existent International.
Why have they ever needed 3 X ceo?
Maybe the title entitles them to more pay without being scrutinised by shareholders etc.
On the point of having large cash reserves,seems contradictory to go & mortgage every aircraft you can & then do an equity raising,paying interest on borrowed money & pushing the share price lower is an interesting way to save money.
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Old 27th Jun 2020, 07:07
  #525 (permalink)  
 
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Originally Posted by blubak View Post
Why have they ever needed 3 X ceo?
Maybe the title entitles them to more pay without being scrutinised by shareholders etc.
On the point of having large cash reserves,seems contradictory to go & mortgage every aircraft you can & then do an equity raising,paying interest on borrowed money & pushing the share price lower is an interesting way to save money.
Try 5

Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.

https://www.qantas.com/au/en/qantas-...eadership.html
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Old 27th Jun 2020, 07:15
  #526 (permalink)  
 
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Originally Posted by unobtanium View Post
Try 5

Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.

https://www.qantas.com/au/en/qantas-...eadership.html
The more the merrier!
We been everywhere men.
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Old 27th Jun 2020, 07:17
  #527 (permalink)  
 
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https://taipeitimes.com/News/biz/arc.../26/2003738867

Hard times still ahead.
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Old 27th Jun 2020, 08:08
  #528 (permalink)  
 
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I do expect some equity to be destroyed during a pandemic, the outflow of $40m a week is testament to that. There’s nothing you, I or AJ can do about that.

Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
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Old 27th Jun 2020, 08:08
  #529 (permalink)  
 
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Originally Posted by armchairpilot94116 View Post
Thanks for the update from the Taipei Times. Very insightful.

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Old 27th Jun 2020, 08:28
  #530 (permalink)  
 
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Originally Posted by Turnleft080 View Post
I do expect some equity to be destroyed during a pandemic, the outflow of $40m a week is testament to that. Thereís nothing you, I or AJ can do about that.

Struth 40m a week, as a comparison during Ansett's last years they were losing 7m a week. The value of money in 20 years. I realise different era.
There is a difference to outgoings of $40m a week to losses of $7m a week.

Salary costs alone were abut $86m a week(4,5bn a year) before covid - thats before you take into account the other costs like office rent, aircraft, overheads etc.
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Old 27th Jun 2020, 09:16
  #531 (permalink)  
 
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Originally Posted by unobtanium View Post
Try 5

Andrew David - Domestic and Freight
Tino - International
Olivia - Loyalty
Gareth Evans - Jetstar
And Alan Joyce, CEO of CEO's.

https://www.qantas.com/au/en/qantas-...eadership.html
Thereís also a CEO of Associated Airlines and Services?
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Old 28th Jun 2020, 20:53
  #532 (permalink)  
 
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What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
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Old 28th Jun 2020, 21:33
  #533 (permalink)  
 
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Originally Posted by Ragnor View Post
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
why?
shorthaul? How so? Rotating stand down with low mgh.... why cuts?
long haul? Indefinite stand down costs little.
redundency costs alot.
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Old 28th Jun 2020, 21:38
  #534 (permalink)  
 
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Originally Posted by Ragnor View Post
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
Have to agree with that!
When i first saw the figure of 220-250 pilots it seemed very low,with 12 380s & 6 747s gone the figure for those 2 fleets alone would exceed the numbers they are quoting & then theres 330s,787s & the jq 787s,just doesnt add up.
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Old 28th Jun 2020, 21:44
  #535 (permalink)  
 
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QF SH pilots are forecast to all be stood up by the end of this year. There will be no changes to SH. In fact, there has been some discussion about allowing additional LH crew to be trained onto 737 temporarily to save some jobs. Obviously thatís a fair way off and any change would need to be voted on by the SH crew. This would be a mechanism to save junior crew, not to allow old mate 4 eng capt to extend his career for a few more years.
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Old 28th Jun 2020, 22:16
  #536 (permalink)  
 
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Someone in the webinar made the comment of a LWOP would count towards the 190 total. Well not really. If 190 pilots from the 380 take LWOP then 2-3 years down the track we have the exact same problem again (minus retirements).
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Old 28th Jun 2020, 22:18
  #537 (permalink)  
 
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Originally Posted by maggot View Post
why?
shorthaul? How so? Rotating stand down with low mgh.... why cuts?
long haul? Indefinite stand down costs little.
redundency costs alot.
Given forecast there is no need for 2019 crew levels for 2021 operation people are forgetting the worse has not hit the economy yet, unemployment is close to 8% now this will be worse after job keeper ends, also there is no prospect of borders opening up anytime soon especially WA, Tuesday we will find out about QLD but wouldn't hold my breath then those 15,000 numbers AJ said gets re worked. When we go into 2021 this will be scary. NT I commend their approach making everyone sign a declaration rest of the country should be adopting this maybe this would get things moving quicker.
Stand down with roster on roster off does cost more than people allow. You have AL, LSL accrual then you have EPs, sims then paxing for sims then a hotel room human factors, DGs, cost of an ASIC cost of parking the list goes on more than you think. So the 250 is most likely just what Jetstar will do, how many LH and SH pilots will QF fund with a down turn of pax numbers. Just saying 250 is very far from the truth.
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Old 28th Jun 2020, 23:33
  #538 (permalink)  
 
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Originally Posted by normanton View Post
Someone in the webinar made the comment of a LWOP would count towards the 190 total. Well not really. If 190 pilots from the 380 take LWOP then 2-3 years down the track we have the exact same problem again (minus retirements).
costs the company nothing (saves actually), kicks the can down the road til maybe theyre needed. Good (band aid) solution but not sure how many lwop's there'll be
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Old 28th Jun 2020, 23:36
  #539 (permalink)  
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Originally Posted by Ragnor View Post
how many LH and SH pilots will QF fund with a down turn of pax numbers. Just saying 250 is very far from the truth.
You tell us. What figure would you be satisfied with?

You have been provided a figure with reasons behind it. If you call bulls!t then I suspect no figure that is given will be adequate.
There wouldn't be a QF/J*/VA pilot in the bottom third or quarter of their respective lists that isn't looking over their shoulder right now.



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Old 29th Jun 2020, 00:07
  #540 (permalink)  
 
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I doubt theyíll offer them 737 slots.
At the moment those LHaulers approaching 65 canít rely on a 737 slot to keep going.
If there isnít one there they canít take it.
I bet the company will want that demographic to take the VR package.
Especially seeing that most of them are on the 74 and 380.
The bigger issue is how long can they keep them stood down.
I doubt a reasonable person would expect that to be three years?
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